The Gazette of India
EXTRAORDINARY
PART II—Section 3-Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 461] NEW DELHI, TUESDAY, NOVEMBER 6, 1979/KARTIKA 15, 1901
SeparatepagingisgiventothisPartinorderthatitmaybefiledasa
separate compilation
1134 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II-SEC 3(11)]MINISTRY OF FINANCE
(Central Board of Direct Taxes)
NOTIFICATION
New Delhi, the 6lh November, 1979
INCOME-TAX
S.O. 64l(E).—In exercise of Ihe powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:—
1. These rules may bo called the Income-tax (Eighth Amendment) Rules,
1979.
2, In rule 67 of the Income-tax Rules, 1962, in sub-rule (2), after clause (iv) and before the Explanation the following proviso shall be insert- ed, namely :—
"Provided that where any moneys are received on the maturity of de- posits made in accordance with tho Post Office (Time Deposits) Rules, 1970, an amount not exceeding fifty per cent, of such moneys may be deposited in accordance with the Post Office (Time De- posits) Rules, 1970, and an amount not exceeding fifty per cent, of such moneys may be deposited in Central Government Special Deposit Scheme.".
[No. 3060/F. No. 142(18)/78-TPL]
S. N. SHENDE, Secy.,
Central Board of Direct Taxes
P1INTED BY THE MANAGER, OOVT. OF INDIA PRESS, RING ROAD, NEW DELHI-110064 AND PUBLISHED BY THB CONTROLLER OF PUBLICATIONS, DELHI-110054, 1979